Such a move would denote a 73% drop below current levels. In the dire case, Sei price could extend a leg lower, slipping past the $0.1500 psychological level to tag the $0.0954 support floor. A break and close below this level would invalidate the prevailing bullish outlook. Enhanced seller momentum could extend the fall below the ascending trendline for the altcoin’s market value to test the $0.2146 support. On the other hand, if profit booking commences, Sei price could pull south, potentially losing the immediate support at $0.2830. Traders heeding this call could enhance the upside potential for Sei price. This will be executed once the MACD crosses above the signal line (orange band). More interestingly, the Moving Average Convergence Divergence (MACD) indicator is about to execute a buy signal. In addition, the Awesome Oscillator (AO) indicator shows green bars, while moving in the positive territory. The Relative Strength Index (RSI) remains northbound, showing momentum is still rising. Such a move, constituting a 45% climb above current levels would also see the token record a new all-time high. In a highly bullish case, the Sei price could shatter past this roadblock, for a possible tag of the $0.5000 level.

Increased buyer momentum above current levels could see Sei price extend the gains past the $0.4000 psychological level and ultimately the $0.4500 level before confronting the $0.4800 range high. Sei Price Outlook As SEI Token Pumps HardĪfter a long period of consolidation along an ascending trendline, Sei price broke past the $0.2830 resistance level in a bullish attempt to reclaim the range high at $0.4800. The spike in social volume shows the amount of mentions of the coin on more than a thousand crypto-related social media channels is increasing. It comes amid growing social volume, with most of this coming from Telegram and X, Santiment data shows. SEI liquidationsĪt the same time, open interest for SEI token has spiked to an all-time high of $97.67 million. With this surge, the Sei price reclaimed levels last tested on August 15, while liquidating $1.05 million short positions. The Sei price soared 52% in the last 24 hours to trade for $0.3432 as of 6:10 a.m. Join Our Telegram channel to stay up to date on breaking news coverage

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